v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income:        
Loans, including fees $ 40,153 $ 37,701 $ 117,245 $ 106,813
Loans accounted for under the fair value option 35 64 97 260
Investment securities 2,819 1,387 6,128 2,887
Interest-bearing deposits in other financial institutions 834 3,468 3,051 7,086
Dividends, restricted stock 113 154 391 437
Total interest and dividend income 43,954 42,774 126,912 117,483
Interest expense:        
Deposits 20,136 22,177 58,133 58,901
Other borrowed funds 858 1,143 3,172 3,791
Total interest expense 20,994 23,320 61,305 62,692
Net interest income 22,960 19,454 65,607 54,791
Less: Provision for (release of) credit losses 647 2,257 (550) 4,110
Net interest income, after provision for (release of) credit losses 22,313 17,197 66,157 50,681
Non-interest income:        
Trust and investment management fees 4,865 4,629 14,358 13,818
Net gain on mortgage loans 483 1,394 2,847 3,648
Net gain on loans held for sale 0 0 0 222
Bank fees 329 312 1,063 1,027
Risk management and insurance fees 26 193 387 499
Income on company-owned life insurance 121 116 356 338
Net (loss) gain on loans accounted for under the fair value option (76) 18 (105) 50
Net (loss) gain on other real estate owned 0 0 (7) 459
Unrealized (loss) gain recognized on equity securities (24) 6 (30) 20
Other 82 174 (22) 411
Total non-interest income 5,806 6,842 18,847 20,492
Total income before non-interest expense 28,119 24,039 85,004 71,173
Non-interest expense:        
Salaries and employee benefits 12,704 11,884 38,673 34,383
Occupancy and equipment 2,087 2,188 5,973 6,644
Professional services 1,560 1,894 4,646 5,453
Technology and information systems 1,187 951 3,664 3,037
Data processing 1,308 1,251 3,853 3,539
Marketing 419 351 970 834
Amortization of other intangible assets 48 51 144 154
Other 1,527 1,504 4,298 4,490
Total non-interest expense 20,840 20,074 62,221 58,534
Income before income taxes 7,279 3,965 22,783 12,639
Income tax expense 1,298 779 4,865 2,765
Net income available to common shareholders $ 5,981 $ 3,186 $ 17,918 $ 9,874
Earnings per common share:        
Basic (in USD per share) $ 0.61 $ 0.33 $ 1.84 $ 1.02
Diluted (in USD per share) $ 0.60 $ 0.32 $ 1.80 $ 1.00